According to newspaper Folha, one of Eike Batista’s companies, OSX, is in serious trouble. The company has defaulted on at least one supplier and is being pressured by banks to restructure or pay US$ 2 billion in short-term debt.

The article says OSX did not honor a payment of around R$500 million to Spanish construction company Acciona. The two companies are still negotiating, but Acciona does not rule out filing for OSX’s bankruptcy.

Source: Folha

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